Bitcoin mining bans may lead to ‘unintended consequences’ for environment
Researchers argue that “not all Bitcoin mining is equal” across countries, suggesting that bans in certain nations may cause more harm than good on a global scale.
Governments in more eco-friendly nations contemplating a ban on Bitcoin mining may be inflicting more significant harm on the global economy, according to researchers.
“Well-intentioned policies may lead to unintended consequences, notably the redirection of mining activities to regions with higher carbon intensities,” Exponential Science researchers opined in a recent report viewed by Cointelegraph.
The researchers further explained that Bitcoin (BTC) mining bans in “low-emission countries can result in a net increase in global carbon emissions, a form of aggravated carbon leakage.”
Go to Source
Author: Ciaran Lyons
